Midwest Art Conservation Center Inc
- Assets
- $2.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Minneapolis, MN
- Founding
- 12/1977
- Data as of
- 06/2022
- EIN
- 41-1312834
Organization Overview
Midwest Art Conservation Center Inc is located in Minneapolis, MN. The organization was established in 1977. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Midwest Art Conservation Center Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Art Conservation Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Midwest Art Conservation Center Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A NONPROFIT CENTER FOR THE PRESERVATION AND CONSERVATION OF ART AND ARTIFACTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION SERVICES:BENCH TREATMENT - ENCOMPASSES ALL DIRECT CONSERVATION AND RESTORATION TREATMENTS APPLIED TO WORKS OF ART, ARTIFACTS, AND HISTORICAL ITEMS. TREATMENTS PREVENT DETERIORATION, INSURE ORIGINAL INTEGRITY AND ENHANCE EXHIBITION AND ACCESS TO WORKS OF ART, HISTORICAL ARTIFACTS AND DOCUMENTS. SEVERAL HUNDRED WORKS OF ART ARE CONSERVED THROUGH TREATMENT EACH YEAR.CONSULTATION - CONSISTS OF ON-GOING DIALOGUES AND PROVISIONS OF WRITTEN AND PHOTOGRAPHIC INFORMATION TO CURATORS, LIBRARIANS, ARCHIVISTS, COLLECTION MANAGERS AND THE GENERAL PUBLIC REGARDING TREATMENTS, DISCOVERIES AND PRACTICES ASSOCIATED WITH PARTICULAR ITEMS. CONSERVATOR'S EXAMINATIONS WITH DIAGNOSTICS IN CONJUNCTION WITH CURATORIAL EXPERTISE LEAD TO DISCOVERIES IN DATING, AUTHENTICITY, STRUCTURAL AND AESTHETIC TECHNIQUES, SHIPPING, HANDLING AND DISPLAY TECHNIQUES. HUNDREDS OF INSTITUTIONS RELY ON MACC'S CONSULTATIONS EACH YEAR.
PREVENTIVE CONSERVATION SERVICES:PREVENTIVE CONSERVATION SERVICES - CONSIST OF OUTREACH PROGRAMMING PROVIDING CULTURAL REPOSITORIES WITH COLLECTION ASSESSMENTS, EVALUATIONS, MENTORSHIPS, EDUCATION, TRAINING, AND EMERGENCY RESPONSE SERVICES ALONG WITH MONITORING EQUIPMENT FOR LOANS. HUNDREDS OF COLLECTING INSTITUTIONS' STAFF MEMBERS THROUGHOUT THE MIDWEST AND BEYOND ATTEND WORKSHOPS AND RECEIVE COLLECTIONS CARE INSTRUCTION EACH YEAR. OVER 10,000 INQUIRIES ON COLLECTION RELATED ISSUES ARE HANDLED EACH YEAR.PUBLIC PROGRAMMING - INCLUDES TOURS, WORKSHOPS AND PRESENTATIONS TO INFORM, TEACH AND BUILD APPRECIATION FOR THE IMPORTANCE AND CHALLENGES OF PRESERVING THE PHYSICAL ELEMENTS OF CULTURAL HERITAGE. MACC HOLDS REGULAR TOURS OF ITS FACILITY AND PROVIDES LECTURES ON CONSERVATION FOR MUSEUMS AND OTHER COLLECTING INSTITUTIONS, AND MORE RECENTLY, FOR HIGH SCHOOL AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Turner Executive Director | Officer | 50 | $113,998 |
Nancy Huart Chair (thru Nov. 2021) | OfficerTrustee | 1 | $0 |
Michael Gaynor Treasurer | OfficerTrustee | 1 | $0 |
Miles Fiterman Secretary | OfficerTrustee | 1 | $0 |
Mark Ryan Chair | OfficerTrustee | 1 | $0 |
Doug Argue Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $407,528 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,323 |
| Total Program Service Revenue | $1,305,120 |
| Investment income | $40,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,795,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,546 |
| Compensation of current officers, directors, key employees. | $76,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $781,073 |
| Pension plan accruals and contributions | $39,692 |
| Other employee benefits | $127,078 |
| Payroll taxes | $70,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,674 |
| Fees for services: Other | $190,125 |
| Advertising and promotion | $5,683 |
| Office expenses | $29,671 |
| Information technology | $24,128 |
| Royalties | $0 |
| Occupancy | $108,433 |
| Travel | $18,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,552 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,228 |
| Insurance | $8,634 |
| All other expenses | $0 |
| Total functional expenses | $1,638,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,155 |
| Savings and temporary cash investments | $292,291 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $537,673 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,325 |
| Net Land, buildings, and equipment | $41,191 |
| Investments—publicly traded securities | $1,103,050 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,125,685 |
| Accounts payable and accrued expenses | $118,068 |
| Grants payable | $0 |
| Deferred revenue | $47,624 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $165,692 |
| Net assets without donor restrictions | $1,640,779 |
| Net assets with donor restrictions | $319,214 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,125,685 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Midwest Art Conservation Center Inc has recieved totaling $12,265.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,486 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $5,268 |
Hrk Foundation St Paul, MN PURPOSE: GOS | $1,000 |
Organization Name not Listed PURPOSE: UNRESTRICTED | | $250 |
Kyle J And Sharon Krause Family Foundation Des Moines, IA PURPOSE: ARTS, CULTURE, HUMANITIES | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $25,000 |
| Earnings | $2,509 |
| Other Expense | $2,509 |
| Ending Balance | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Theodore Roosevelt Medora Foundation Medora, ND | $68,522,255 | $10,499,633 |
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Minnesota Landmarks St Paul, MN | $7,312,284 | $2,339,984 |
Mount Rushmore National Memorial Society Of Black Hills Rapid City, SD | $22,476,449 | $3,858,593 |
Midwest Art Conservation Center Inc Minneapolis, MN | $2,125,685 | $1,795,271 |
Iowa Railroad Historical Society Boone, IA | $4,623,282 | $1,830,405 |
Ramsey County Historical Society Inc Saint Paul, MN | $5,355,556 | $1,137,123 |
Rethos Saint Paul, MN | $2,732,815 | $1,832,549 |
Two Rivers Historical Society Two Rivers, WI | $1,166,797 | $640,666 |
Milwaukee County Historical Society Milwaukee, WI | $3,176,056 | $1,183,454 |
Stearns County Historical Society Inc St Cloud, MN | $1,632,705 | $959,647 |
Four Mounds Foundation Dubuque, IA | $637,426 | $940,682 |